GF announced that it had been selected as the technology provider and operator for a new 300mm semiconductor fabrication facility to be built in stages at its existing site in Malta, New York, under a strategic investment framework established by the Japanese and US governments. The project is valued at up to $21 billion, with construction scheduled to begin in 2026 and operations to start in 2029.
GlobalFoundries, a major semiconductor foundry, was selected as the technology provider and operator for a plan to build a new 300mm fab at its existing site in Malta, New York, under the framework of a strategic investment initiative by the Japanese and US governments. This will result in the initiative's first investment in the semiconductor sector.
The total project is expected to reach up to $21 billion, with approximately $10 billion in initial investment to build the first fab. The site has permitted land and existing infrastructure at the Malta facility, which is expected to shorten the construction period.
Construction is scheduled to begin in 2026, with operations targeted to start in 2029.
The project aims to ensure a stable supply of foundational semiconductors for the automotive, industrial equipment and communications infrastructure sectors, with Japan and the US working together to build a reliable supply system.